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Nickelex Resource Corp NKLXF


Primary Symbol: V.NICK

Nickelex Resource Corporation, formerly Valterra Resource Corporation, is a Canada-based resource group company. It is engaged in providing exploration, administration, and corporate development services for its operations. Its operations include Swift Katie gold/copper property and Thompson, Manitoba nickel properties. Its 100%-owned porphyry/shear-hosted Cu-Au-Ag Swift Katie property is located approximately seven kilometers (km) south-west (SW) of the village of Salmo, British Columbia (BC). The property consists of over 19 contiguous MTO mineral claims, which covers an area of approximately 83 square km. It has an option to earn up to an 80% interest in the Moak North and Wilson Mineral Exploration Licenses in the Thompson Nickel Belt (TNB), Manitoba (the licenses). The four licenses are located 30 km north of the Thompson Nickel Mine and cover an area of approximately 30,283 hectares. The Company, through Pilar Gold Inc. and Laiva Gold Inc., has operations in Brazil and Finland.


TSXV:NICK - Post by User

Comment by mferguson71on Oct 22, 2020 11:50pm
71 Views
Post# 31769850

RE:RE:RE:1,000 ounces a month in a very short period of time

RE:RE:RE:1,000 ounces a month in a very short period of time No to be the bearer of bad news or a debbie downer....but there will likely be more dilution in q1 or q2 of 2021. Cash generated will be used for paying off the two properties but will budgets of $400,000 of drilling at Los Reyes, $500,000 for Swift-Katie and then funds needed to advance livramento and Lima whether it's on increasing milling capacity, or drilling on expanding resources. I hope management can hold off long enough to see share appreciation from the gold production or even looking at debt instead of shares. Depends on futures plans but my guess is a company would look at increasing production as quickly as they could. Agree on bright upside potential though dont get me wrong. Just dont forget some of the steps to get there. Each year warrants to management as well which hopefully is well deserved.
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